3tc Software Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05063700 (England and Wales)

Financial Statements for the Period 1 April 2024 to 31 December 2024

for

3tc Software Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S R Smith

Ms K A Maher

REGISTERED OFFICE:

Nova South

160 Victoria Street

London

SW1E 5LB

REGISTERED NUMBER:

05063700 (England and Wales)

AUDITORS:

Charnwood Accountants & Business Advisors LLP

Statutory Auditor

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

66,370

99,861

66,370

99,861

CURRENT ASSETS

Debtors

6

8,220,054

1,642,831

Cash at bank

225,999

5,617,604

8,446,053

7,260,435

CREDITORS

Amounts falling due within one year

7

3,959,637

4,286,896

NET CURRENT ASSETS

4,486,416

2,973,539

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,552,786

3,073,400

PROVISIONS FOR LIABILITIES

203,686

169,431

NET ASSETS

4,349,100

2,903,969

CAPITAL AND RESERVES

Called up share capital

8

79,073

Share premium

543,878

Capital redemption reserve

20,927

Retained earnings

3,705,222

2,260,091

SHAREHOLDERS' FUNDS

4,349,100

2,903,969

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

S R Smith - Director

1.	STATUTORY INFORMATION

3tc Software Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, was amortised

evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

20% on cost

Plant and machinery

-

33% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 52 (2024 - 46 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 April 2024

and 31 December 2024

1,116,863

10,000

1,126,863

AMORTISATION

At 1 April 2024

and 31 December 2024

1,116,863

10,000

1,126,863

NET BOOK VALUE

At 31 December 2024

-

At 31 March 2024

-

Amortisation is included in administration expenses in the Statement of income and retained earnings.

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

63,331

713,041

776,372

Additions

-

6,472

At 31 December 2024

63,331

719,513

782,844

DEPRECIATION

At 1 April 2024

60,280

616,231

676,511

Charge for period

654

39,309

39,963

At 31 December 2024

60,934

655,540

716,474

NET BOOK VALUE

At 31 December 2024

2,397

63,973

66,370

At 31 March 2024

3,051

96,810

99,861

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.3.24

£

Trade debtors

578,540

1,175,986

Amounts owed by group undertakings

7,026,300

-

Amounts recoverable on contract

477,328

238,551

Other debtors

137,886

228,294

8,220,054

1,642,831

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.3.24

£

Trade creditors

16,402

124,388

Amounts owed to group undertakings

2,196,074

2,195,097

Taxation and social security

629,953

402,203

Other creditors

1,117,208

1,565,208

3,959,637

4,286,896

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.3.24

value:

£

50,989

Ordinary A

£1

50,989

28,084

Ordinary B

£1

28,084

79,073

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher David Hutton FCCA (Senior Statutory Auditor)

for and on behalf of Charnwood Accountants & Business Advisors LLP

10.	ULTIMATE CONTROLLING PARTY

The immediate parent company is 3tc Holdings Limited, registered at Nova South, 160 Victoria Street, London, United Kingdom, SW1E 5LB. The ultimate parent company and the ultimate controlling party is Motorola Solutions, Inc., incorporated in the U.S.A., at 500 West Monroe Street, Chicago, Illinois 60661.

The only group into which this Company is consolidated is Motorola Solutions, Inc. Copies of the financial statements of that company may be obtained from Motorola Solutions, Inc., 500 West Monroe Street, Chicago, Illinois 60661 U.S.A. Alternatively, they may be viewed online at investors.motorolasolutions.com.